11:08 AM EDT, 04/05/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were trending slightly higher Friday morning, rising 0.30% to 1,874.85 on the S&P Asia 50 ADR Index. Despite the gain, the index is poised to close out the week slightly lower.

From North Asia, the gainers were led by mobile app developer Cheetah Mobile ( CMCM ) and streaming music service Tencent Music Entertainment Group ( TME ) , which rose 8% and 2.3% respectively. They were followed by consumer lending firm Qudian ( QD ) and automotive ecommerce platform Cango ( CANG ) , which increased 2.5% and 2% respectively.

The decliners from North Asia were led by real estate services provider Leju ( LEJU ) and brand platform 36Kr (KRKR), which fell 8.6% and 3.9% respectively. They were followed by property technology company Fangdd Network Group ( DUO ) and internet and data center services provider VNET Group ( VNET ) , which lost 0.5% and 2.5% respectively.

From South Asia, the gainers were led by technology conglomerate Sea (SE) and biotech firm ASLAN Pharmaceuticals ( ASLN ) , both up 3%. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank ( IBN ) , which increased 1.4% and 0.4% respectively.

The decliners from South Asia were led by financial services company HDFC Bank ( HDB ) and telecommunications operator PLDT ( PHI ) , which dropped 1.4% and 0.5% respectively. They were followed by business process management company WNS (WNS), which was down 2.5%.